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20120801
20120831
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CSPAN 2
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CSPAN
Aug 6, 2012 7:00am EDT
jpl employees on staff. host: kelly from massachusetts on our independent line. caller: you said you are giving companies $1.1 billion. why are we giving them money to reinvent the wheel? we already have the technology to get into space. why aren't we sharing the technology? guest: the companies are using nasa's technology to get into space. the space shuttle was an incredibly capable vehicle, but was not a cheap vehicle. it had a lot capabilities that we did not need. it was a vehicle that was good for lower earth orbits. they build two capabilities to replace it. the other is to go beyond lower earth orbit, but we did do with the apollo program. the space shuttle was a very high-tech vehicle but it wasn't the right vehicle for where we're going now. host: here are some numbers from 2011, looking at contract awards that were given how. host: these funds were given to companies. a question from monty on twitter . guest: the commercial applications can seem far- fetched. if you can find water, water can be turned into fuel that you can use to power a rocket. it can be useful for explo
CSPAN
Aug 7, 2012 7:00am EDT
billion or more a piece have largely paid back the money. can you name some of the major banks? guest: jpl morgan, citibank -- j.p. morgan, citibank, goldman sachs paid back tarp. initially, $125 billion was given to the largest banks and it quickly paid back. host: and banks worth less than $10 billion a piece, and moneys outstanding versus what they paid back. what is it about the smaller banks giving them a harder time? guest: a lot of the smaller banks are not as healthy as the big banks. they also don't have easy access to the capital market, so it is harder for them to go out and raise capital to pay it back. host: here is a piece that you wrote for bloomberg a couple of weeks ago. the u.s. treasury department said it started selling stakes today -- first of all, why get out of it? why is of the treasury department trying to extricate itself from these banks? guest: hutras reece says it was never intended to be a lifelong shareholder of banks, so it was natural they would eventually get out. i think they are realistic probably will not do with this year. and probably will continue in
Search Results 0 to 1 of about 2